a man sells an article at a certain price he gain 10%profit. if he sell at rs 500more price then he gets 15%profit. find cp
Answers
Answer:
The answer is Rs. 10000
Step-by-step explanation:
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Answer:
The cost price of the article is Rs 10,000 .
Step-by-step explanation:
Given as :
The profit percentage earn by man = = 10 %
Let The selling price = = s.p
Let The cost price = = c.p
According to question
Profit % =
Or, =
Or, 10% =
Or, 10% + 1 =
Or, = 1.1
∴ s.p = 1.1 c.p ..........A
Again
The profit percentage earn by man = = 15 %
Let The selling price = = s.p + 500
Let The cost price = = c.p
Profit % =
Or, =
Or, 15% =
Or, = 15% + 1
Or, = 1.15
Or, s.p + 500 = 1.15 c.p ..........B
Now, from eq A and eq B
∵ s.p = 1.1 c.p
So, 1.1 c.p + 500 = 1.15 c.p
Or, 1.15 c.p - 1.1 c.p = 500
Or, 0.05 c.p = 500
∴ c.p =
i.e c.p = Rs 10,000
So, The cost price of the article = c.p = Rs 10,000
Hence, The cost price of the article is Rs 10,000 . Answer